- "The top 1-percent have the best houses, the best educations, the best doctors, and the best lifestyles," Nobel Prize winner Joseph E. Stiglitz concludes, "but there is one thing that money doesn't seem to have bought: an understanding that their fate is bound up with how the other 99-percent live. Throughout history, this is something that the top 1-percent eventually do learn. Too late."
- Part 1: “American dream” is now a myth: How bad policies and worse ideology ruined us.
- Part 2: You call this a middle class? “I’m trying not to lose my house.”
Compiled by David Culver, Ed., Evergreene Digest
Part 1: “American dream” is now a myth: How bad policies and worse ideology ruined us
Once upon a time, Americans assumed they'd do better than their parents had. Here's why that's all gone away.
Heather Digby Parton, Salon
Credit: sturti via iStock)
Friday, Sep 26, 2014 | Over the past few years of economic torpor and social despair there’s been a lot of discussion about the death of the American dream. This shouldn’t be surprising. In a time when people feel they can’t keep up or are falling behind, it’s hard to have faith in the idea that everyone can achieve a base level of security and provide for their kids to do better than they did. That was always the deal for working-class Americans, immigrants and middle-class alike.
Generally, people agree that the lack of social and economic mobility we see today — necessities for the achievement of the American dream — is a result of the dramatic income inequality that’s grown dramatically over the last couple of decades. There’s even a name for this phenomenon called the Great Gatsby Curve, which simply shows that the more income inequality there is, the less social mobility there is.
As Tim Noah of the New Republic explained:
Heather Digby Parton, also known as "Digby," is a contributing writer to Salon. She was the winner of the 2014 Hillman Prize for Opinion and Analysis Journalism.
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Part 2: You call this a middle class? “I’m trying not to lose my house”
- Welcome to the new America where good people with honest jobs are losing money each month -- and scrambling to live.
- America Keeps People Poor On Purpose
Edward McClelland, Salon
Saturday, March 1, 2014 | It took less than two years for Kim Brown to go from middle class to minimum wage.
In the fall of 2011, Brown was a Web support technician for an electronics distributor in Chicago, helping customers navigate the company’s website. She had been in the job for 11 years, earning a $45,000 salary, plus benefits.
Edward McClelland is the author of "Nothin' But Blue Skies: The Heyday, Hard Times and Hopes of America's Industrial Heartland."
Full story …
America Keeps People Poor On Purpose, Yes! Magazine <>
- How four decades of lobbying and legislation gave corporations dominion over our economy—and eroded the American middle class.
- A Timeline of Choices We've Made to Increase Inequality
- Special Report | Homelessness and Poverty in America, Week Ending August 31, 2014